Currencies
The rand continues its retreat.
Commodities
Oil rose, but was still headed for a third weekly decline in four; Gold is heading for the biggest weekly decline in six.
Equities European markets trade lower and US markets end firmer following a choppy session as a surge in COVID-19 cases globally dampens sentiment.

 

Date Region Event Actual/Expected/Prior Implications

23/09
UK Manufacturing PMI 55.1/55.9/55.2

Slipped to 55.1 due to government’s withdrawal of stimulus packages in the restaurant industry.

Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091

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Source: Nedbank

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